iag says the recovery of passenger demand to 2019 levels will take years.ace to advise the public to wear masks in areas where social distancing is difficultm distancing is difficult, such as shops and on public transport. the uk government is yet to announce its decision on masks but the health secretary said their use was based on weak science. spain's prime minister, pedro sanchez, has outlined a four—phase withdrawal from one of europe's strictest lockdowns, with the aim of getting back to something like normality by the end ofjune. social distancing will remain but schools won't re—open until september. president putin says the peak of the coronavirus outbreak in russia has not yet been reached and he's extending the lockdown until may the 12th. he said the spread had been slowed but warned of the risk of acting too quickly to lift restrictions. so far there's been 867 recorded deaths. vietnam has won praise as one of the most successful countries in combating the coronavirus pandemic, so much so, vietnamese nationals in other countries are now returni

iag says the recovery of passenger demand to 2019 levels will take years. homes in england are to be eligible for coronavirus tests from wednesday, whether they have symptoms or not. scotland, wales and northern ireland are expected to follow soon. latest figures suggest a third of all deaths in england and wales related to covid—19 are in care homes. they've not been included in official figures so far. 0ur social affairs correspondent, alison holt reports. at st cecilia's nursing home in scarborough, like many homes across the country, they believe the fight they have been waging against coronavirus for weeks is only now being reflected in officialfigures. this is the area that we will have for anyone that's being barrier nursed. they locked down early, have areas set aside for nursing coronavirus residents, and people stick to their rooms. but still, across the three homes in the group, they've had 11 deaths, four confirmed as covid—19. i was called and did see her for the last — on the day that she died... one of the residents who died was reg kemp's wi

in other developments, iag, the pa rent other developments, iag, the parent company of british airwaysas warned the airline could make up to 12,000 workers redundant. agencies is a lack of resources in conflict zones should see the spread of the virus continue, while in france, all food shops will reopen for may the 11th, but bars and reopen for may the 11th, but bars a nd restau ra nts reopen for may the 11th, but bars and restaurants will remain closed. we will have much more on all of stories, but firstjudy much more on all of stories, but first judy bryant much more on all of stories, but firstjudy bryant reports. a salute to the covid warriors. the blue angels and thunderbirds paying tribute to those on the front lines on the battle against corona writers. they flew across the northeast and a —— uplifting spectacle for residents and lockdown. new york continues hit, but today a glimmer of hope. what we've seen is clearly progress. when we can start to make some of the move to open things up, but i will say it again, we are being cautious and careful and governed. it will be gather

but iag has got liquidity of more than 8 billion sterling, hassan @?eyjust ride this one out quiz ever 8 billion sounds an awful lot, does and it? but if you look at ba there have been roughly 250 aircraft from the smaller airbus models to the very new a3 50s. if you look at roughly those leasing and financing costs, round about $125 million every month just to have those aircraft parked, just to finance them. that's $4 million a day. that is just them. that's $4 million a day. that isjust on the them. that's $4 million a day. that is just on the capital equipment, that does not pay for any of the other overhead. $8 billion can soon whittle away and i think it is important that any business and airline is having to look at its reserves to see how long it can keep going. perhaps i'm not surprised that some consolidation is required at british airways in terms of its hubs. terrible news for the workers there but phil seymour, thank you very much indeed forjoining us here on bbc news. a veteran of the struggle against apartheid in south africa, denis gold

iag says the recovery of passenger demand to 2019 levels will take years.ple to wear cover theirfaces in enclosed public spaces, such as on public transport and in shops, in order to prevent the spread of coronavirus. the announcement marks a divergence with the uk—wide approach, with borisjohnson‘s government reportedly considering scientific evidence for introducing similar advice. a minute's silence was held across the uk this morning to commemorate the essential workers keeping the nation going, in the face of personal danger. more than a hundred nhs and care staff have died with coronavirus, as have many other key workers. china has insisted it should not be blamed for the covid—19 outbreak and has suffered along with the rest of the world during the pandemic. president trump has made it clear he feels beijing should have done more when the virus first emerged. but speaking to stephen sackur on our hardtalk programme, china's ambassador to the uk said, it was the virus, rather than his country, which the us should be targetting. i think presidency and

and i thought this was interesting, the language around iag.hey said about the second quarter being even worse but that we could have profound changes in travel patterns going forward as a result of what we've seen with the coronavirus. now, it's so severe in the united states, president trump decided to put forward a $50 billion bailout in two tranches for the airline sector -- low-interest loans, access to capital, so they can keep moving when the economy opens back up again. but this is filtering into many levels of the economy. for example, tripadvisor, the travel site, is laying off 25% of its workforce because people are not making their plans, as i was suggesting. and even the behemoth in the internet sector, alphabet google. it beat expectations on its revenues and the total group made over $41 billion in the quarter, which is extraordinary. but the guidance for the second quarter was very similar to the airline guidance. it's going to get much worse. they're very dependent on the auto sector, the retailers, restaurants, and the like, f

it is interesting that iag is not on that list.ing into this with one of the strongest balance sheets. to alex cruz,king who runs british airways, to ensure the balance sheet was in a position that it could withstand a certificate source of stress such as what we are experiencing at the moment. it had been a major effort ever since the financial crisis. effectively, that was job number one. so the balance sheet may be looking a little bit better than some of their peers, according to ehrenberg. in terms of what we need to know, let's find out about the virus. let's get an update with viviana hurtado. begin with want to dr. anthony fauci revising downward u.s. fatalities from up to 200,000 to around 60,000, but this is this the curve keeps flattening in new york, the u.s. epicenter, and social distancing continues to be practiced across the nation. still, in the u.s., cases are accelerating, and is on track to overtake italy as the world epicenter of covid-19 mortality. some nations globally reporting a spike. we are talking about i

its parent company iag announced the planned job cuts as it revealed that revenues had plunged 13% inery of passenger numbers to levels seen last year will take years. sally gethin is an aviation commentator and is here in london. good to have you with us. first, what is your reaction to the news today that british airways are to make 12,000 workers redundant? for me it is not about out of the blue. the same is true for anybody in the airline industry. this is a terrible situation for all the staff obviously but in fact it is going to parfor obviously but in fact it is going to par for the course moving forward for all airlines around the world. and there were going to be morejob losses and more airlines will go under. do you think it was action they were about to take too soon really given the fact that we don't know how this pandemic is going to play out? in particular how things may indeed get to a certain level of normality in the future to do with the aviation sector and how passengers are travelling around the world. they are tightening their bell and looking ahead and they can

with the government be ok with iag owning those slots? i don't understand.hat is a huge amount of capacity being taken out of the north atlantic. delta owns a 49% stake. it can't own anymore. i'm kind of curious, what fills that vacuum in the u.k.? mark: when you talk about heathrow airport, to be honest, iag already holds 40% of capacity, so needless to say, whenever any slots come up, it is always going to be an enticing proposition. you've seen it recently in gatwick as well, where we seen bankruptcies. ultimately, those slots have been bid for very readily. i see further consolidation potentially, as you talk about in the u.k. market, but i think there's a bigger point. there's going to be broader consolidation in europe over the next two to three years, which ethic is going to be very good not just for the north atlantic, but specifically for europe to europe travel. in the meantime, we are going to have to slightly go through the variant deaths before we come through the other side. i think you will see a price war after we move out of all the talk of

iag, the parent company of british airways, has warned — that the airline could make up to 12,000 workerssenger numbers due to the outbreak. france will start easing its coronavirus lockdown, from the 11th of may. all food shops, and most markets, will be able to reopen but bars, restaurants and cinemas will remain closed. but in germany, where some shops were allowed to re—open last week, people have been urged to stay at home as much as possible after new data showed a slight increase in infection rates. according to the robert koch institute the so—called reproduction rate of the virus has risen to a value of one meaning that, statistically, every person with the virus infects one other person. and millions of people across the uk, have taken part in a minute's silence, to commemorate front line workers who've lost their lives during the last few weeks. more than a hundred nhs and care staff — have died from the virus so far. we'll have much more on all of those stories but our first report this evening on deaths in care homes from alison holt. at saint cecilia is nursing home in scarb

iag, the parent company of british airways, has said the airline may make up to 12,000 workers redundantagencies are warning a lack of resources in conflict zones could spread the virus even further. and in france, all food shops will reopen from may the 11th but bars and restaurants will remain closed. much more on all that to come, but firstjane 0'brien reports from new york as states across the us plan to lift some lockdown restrictions. a salute to the covid warriors — the blue angels and the thunderbirds paying tribute to those on the frontlines of the battle against coronavirus. they flew formation across the north—east. an uplifting spectacle for residents in lockdown. new york continues to be the worst hit, but today a glimmer of hope... what we have seen is clearly progress and that is getting us closer to the day when we can start to make some of the moves to open things up. but i've said it before and i'll keep saying it, we're going to be cautious, we're going to be careful, we're going to be governed, we'll be governed by the facts. more thani million people in the us are no

british airways owner says -- iag says it will mean a deep restructuring with the loss of 12,000 jobskforce. they forecast a second-quarter loss that might be significantly worse than the shortfall through march. under pressureis as they face a drop in profits while under government expectations to help bailout millions of struggling businesses. this is bloomberg. ♪ >> this is daybreak asia. the fed has opened a meeting amid an economy and labor market that are freefalling in the worst crisis since the great depression. and 26 milliond americans are applying for unemployment benefits. retail sales have dropped and home sales have plunged. from southupper korea has risen 7.1% on the year. of the fewne countries not to go into lockdown in march, despite being at the height of infections. exports were steady but analysts predict worse figures for april. mike pence is under fire for disregarding virus policy on face masks when visiting a clinic. the cdc recommends masks in public and pence has repeatedly urged americans to follow the guidelines. he was the only person without a mask at th

its parent company, iag, announced job cuts as it revealed that revenues had plunged 13% in the firsth airways has currently furloughed its 22,500 employees. 0ur transport correspondent tom burridge is here. basically their revenue has been slashed down to very small numbers. so british airways made this announcement now and it is symptomatic of the industry more widely. it will be a tricky negotiation between the airlines now and unions in the next few weeks. once you've had the coronavirus, a key question is can you get it again? or does your body develop immunity meaning that you can't? there's evidence that those who have had coronavirus have some of the antibodies to protect them, but it's not clear whether anyone is immune. 0ur science correspondent rebecca morelle explains. it's the virus that has mobilised the world's scientists. and a majorfocus now is how the immune system responds to it, because understanding this could help us to stop covid—19 spread. and the big question is, if you've had the virus, are you immune 01’ can you catch it again? how does immunity work? the co

a bit of pressure coming together with iag, lufthansa and easy jet trading lower ryanair as well. air france klm down, wizz air bucking the trend. more coming out of australia that no doubt highlighting the vulnerabilities across airlines. virg virgin australia has gone into voluntary administration the airlined buckled under a $5 billion debt burden. it reached out to creditors trying to recap recap tallized the business offering his home as collateral. reporting the treasury told the carrier to resubmit its bid having been unempressed with its application. >>> leaving the airlines now to danone that withdrew guidance. adding that the second quarter will be deeply hit the french food company did post higher first quarter sales citing consumption to the imposed lockdown >>> psa reported a 15.6% decline. shares there trading about 2.4% lower this morning let's get to charlotte reed with more despite the relatively grim outlook for the sector and company, they've maintained their margin targets >> you are right the results for psa are a little better than expected revenue down 15.6%

iag up 8%. we are seeing rolls-royce trade quite strongly as well.more prudent in terms of the way it will shoot funds back to shareholders. the market is pretty happy with what is happening with the rolls-royce. you also have a big stake being taken in rolls-royce by a key investor and that is also ing the market.y rolls-royce cutting its profit goals. roche trading down, and you see hello fresh, food delivery company, down nearly 10%. the market reversing. equities catching a bid. stuff that the market has not loved coming back strongly. alix: it is a very similar story in the u.s. as well. we are off the lows of the wesion but up only 2.5%, were up stronger before. we are seeing pick up in selling on the long end of the yield curve. yesterday's three day takedown was ok. we also had a ton of supply. the dollar is still firmly holding onto its lows of the session. oil is losing shine. i'm interested to see if it is equity leading oil or oil leading equities. we know the g20 energy ministers will meet on friday and we got a headline iran's oil minis

iag says that will mean a restructuring, a loss of 12,000 jobs.ecast is for a second-quarter loss that could be significantly worse than the $580 million shortfall through march. coming up next, the fed decides. a wells fargo security strategist tells us what he is watching for in the fed announcement and what you should be watching in the weeks ahead. this is bloomberg. ♪ >♪ saw a risk to the outlook for the economy and acted. rangereduced the target for our policy interest rate by one percentage point, bringing it closer to zero. ♪ >> we are deploying these lending powers to an unprecedented extent. we will use these proactively and aggressively until we are confident we are on the road to recovery. chairmanderal reserve jerome powell will have comments on his monetary policy and emergency actions later wednesday. the macro strategist from wells fargo will be listening in closely. great to have you with us. there is no great surprises we are expect to hear from jay powell, but what level of assurances of you need to give to markets? bewe expect

passenger figures will not return to 2019 levels for several years due to the coronavirus outbreak iagompany, says up to 12,000 jobs may be lost >>> airbus has reported a 50% drop in profit as the industry has faced the gravest season it has known. unmatching production to its demand let's get more from charlotte on airbus today >> airbus putting results out saying they cannot confirm the guidance as well as dividend they are struggling with airlines holding on to cash while all flights have been grounded in the pandemic crisis. delaying and canceling some of the plane orders made so far here they are trying to manage this new environment in discussion with several of these. airbus has cut cap ex by $700 million this year in 2020. it keeps mentioning that they have very limited visibility when it comes to the new environment and that will reassess in june their production format and has been announced to carry out until june they said in q1, there were 60 aircraft produced but could not be delivered this number could be even higher in q2. again, this is the situation airbus is dealing

ba's parent company, iag has predicted it will take several years until passenger numbers come back to investment managers. this is drastic action being taken, isn't it, by british airways? definitely, very drastic. i think there is an implication of things to come does make indication. we do know that until a backseat is found, the psyche around travel will be affected, even if restrictions are lifted. so i think we are giving the lay of the land to see ahead but this is drastic as it stands today. and of course, the unions will fight this, they said they were ready. we have seen in the united states and other countries, governments bailing out our lives or at least giving them some financial assistance will stop you think this is necessary? i think it is necessary that the government comes out and gives the support, and as you're already pointed out, we have seen that significantly and aggressively in other countries. and i think the important thing is to retain employment and have some firepower to see off the storm. but i do agree with the stance that this is not a temporary situat

done on the south side and the west side is making sure that we're putting more buses with docauble iages, if you will, so that we can avoid the crowding on public transportation. nnd then again, it's all about education, and ccting people up to health care, emphasizie-- making shat you're washing your hands on a regular basis, and using othekinds of pduct to sanitize your hands and making sure that if you are you going to see a doctor. so those are the kind of strategies that we're going to be employing and king sure that, for example, grocery stores ad liqr stores, where we tend to gongigate, that tho orre issseialt distance in hoy're allowing customers to move in and out of their facilities. we're gointo muc aggressively inspecting and citing, if necessary.ic >> a americans and people of color also make up a lot of health care workers that are on the front lines of this battle against the coronavirus.at when you loohe lack of personal protective equipment and tsts, how is that impact the people that are doing those bs, especially african americans and people of color? >> what i caner s

with its plain grounded, iag says results are likely to be significantly worse in the second quarter.l news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. anna? anna: really interesting conversation coming up on bloomberg. if you are interested in the fight against the coronavirus and the various strategies being employed to do that, stay with us. sweden is europe's outlier, taking a different strategy to other countries. how is that strategy working? we will be speaking to the country's health and social affairs minister. that is next. this is bloomberg. ♪ balancenk continue to sheet strength is visible in our numbers. our liquidity remains strong. and so that is obviously a good foundational starting point. &l what you are seeing is the impact of the restructuring and the strategic decisions we made last year. we were very gratified to see the business performance. i points to the core bank in particular, wherewith revenue growth at 17% and expansion reductions at 4%, we created 11% operating leverage

>> now yourr iag toeanomecal this is a recommendation from the mayor.res. the cdc is reviewing guidelines for who needs to wear one. >>> now we check in with mike with a look at our forecast. good morning. >> good morning. if you run on sunshine, get it today. to a lesser extent tomorrow. good days to be outside. stay in your neighborhood. let's talk about what's going on temperature wise. mid to upper 60s inland. close to average. look what happens over the weekend. we go from light to moderate rain to stormy conditions. temperatures will drop into the >> thanks, mike. >>> it's time for "live with kelly and ryan." we will be back at 11:00. join us then. >> announcer: it's "live with kelly and ryan!" today, award-winning recording artist, michael buble. and "grey's anatomy" star, kim raver. and our friend, steve patterson. plus, we continue our "live's virtual fitness" with a slide and glide core workout. plus, we will meet another one of our amazing working heroes. all next on "live!" ♪ and now, here are kelly ripa and ryan seacrest! >> kelly: hi. good

their parent company iag which is based in spain is in a strong position going forward so we don't expectse job suspensions will turn into redundancies. they will be regained once the crisis is over. is this suspension surprising? no, they've suspended all but repatriation flights so perhaps this move was inevitable. it's a similar picture at virgin where they've suspended jobs for two months and easyjet with that has been put on hold for three months and the airline industry, for obvious reasons, is expected to be particularly badly hit by this global pandemic and some of already told us, it's inevitable they will have to lean on their government in order to survive. nina, thank you. the us vice—president mike pence has warned americans to expect a coronavirus situation comparable to italy's, which currently has the highest death rate of any country. more than 5,000 people have died with covid—i9 in the united states, including a 6—week—old baby. 0ur north america correspondent, peter bowes, is in los angeles. peter, we've heard a change of tone from the us leadership over the past day o